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Market move● Neutral for Indian equities
U.S. Stocks Rise as Jobs Report Tempers Rate Outlook
The brief
- U.S. stocks rose after slowing jobs growth tempered expectations of another Fed rate hike this month
- Nasdaq hits record as weak US jobs data cools rate-hike bets
- ‘Workers growing increasingly anxious’: US adds 29k jobs, far below 90k expected
- US Stock Market Today: Nasdaq Jumps 1%, Dow Up 300 Points As Yields Retreat After Weak Jobs Data
- Bets on an October Fed rate hike fall as US job market cools
- Labor market faltered in September as jobs increased by just 29,000, unemployment rate rose to 4.2%